New Delhi, Nov 8: To address the acute shortage of pilots, the government today said it will contract out the management of the Indira Gandhi Rashtriya Uran Akademi(IGRUA) and establish a flying training institute at Gondia, Maharashtra, for Rs 121.39 crore.
The Cabinet approved for management contract agreement of the Indira Gandhi Rashtriya Uran Akademi with M/s CAE Inc, Canada and also gave its approval for formation of a subsidiary company of Airports Authority of India for establishing a flying and aviation training institute at Gondia in Maharashtra as a Joint Venture Enterprise with M/s CAE, Canada, Finance Minister P Chidamabaram said after the Cabinet meeting.
The upgradation of the academy will cost Rs 43.5 crore, Mr P Chidamabaram added.
The management for taking of IGRUA would be taken over by M/s CAE Inc, Canada for better management of the Akademi in a more professional manner in order to produce 100 pilots per year.
The subsidiary company of AAI will establish a flying and aviation training institute which will help in meeting the growing requirements of pilots and technical manpower relating to the aviation industry.